SunTrust Banks Initiates Coverage on Warner Music Group (NYSE:WMG)

Research analysts at SunTrust Banks started coverage on shares of Warner Music Group (NYSE:WMG) in a report released on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $35.00 price target on the stock. SunTrust Banks’ price target suggests a potential upside of 11.36% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Macquarie assumed coverage on Warner Music Group in a research report on Monday. They set a “neutral” rating and a $32.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Warner Music Group in a research report on Monday. They set an “overweight” rating and a $40.00 target price on the stock. Barclays started coverage on Warner Music Group in a research report on Monday. They set an “equal weight” rating and a $28.00 target price on the stock. Atlantic Securities started coverage on Warner Music Group in a research report on Wednesday, June 3rd. They set a “neutral” rating and a $23.00 price target on the stock. Finally, Goldman Sachs Group started coverage on Warner Music Group in a research report on Monday. They set a “neutral” rating and a $33.00 price target on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.64.

Shares of NYSE WMG opened at $31.43 on Monday. Warner Music Group has a fifty-two week low of $26.99 and a fifty-two week high of $34.76.

Warner Music Group Company Profile

There is no company description available for Warner Music Group Corp.

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Analyst Recommendations for Warner Music Group (NYSE:WMG)

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